HMRC £56m Lifetime ISA penalty hits 130,000 savers
HMRC has collected £56m from 130,000 Lifetime ISA savers' own deposits via 25% withdrawal penalties since 2018, with total charges exceeding £315m.
Category : Business
Aviva profits surge 24% after Direct Line acquisition
Aviva's operating profit rose 24% to £1.3bn in H1 2026, fueled by the Direct Line acquisition, with premiums up 29% and wealth management growing 32%.
Pensioners keep £20,000 ISA limit as under-65s face cut
Over-65s with £10,000+ savings keep the £20,000 cash ISA limit, while under-65s see it cut to £12,000 from April 2027, as confirmed by the Government.
DWP confirms AI boot camps for young jobseekers
The DWP has confirmed a pilot scheme in north-west England offering three weeks of AI training to up to 70 unemployed people aged 16-21, starting this week.
Principle Opens New Office to Target South Coast
Birmingham-based Principle has invested in a new office to target South Coast opportunities, marking a strategic expansion for the company.
TalkTalk Business and ARO to merge in £200m tech group
TalkTalk Business and Liverpool's ARO plan to merge, creating a £200m-revenue tech group with 650 staff and 70,000 customers, pending NSIA approval.
Dairy-Free Playin' Choc Hits M&S Shelves
Birmingham-based Playin' Choc has secured a listing in 200 M&S stores, marking a major milestone for the dairy-free chocolate brand.
La Roche-Posay SPF50 Sunscreen Deal: Save £5 on Amazon
La Roche-Posay's Anthelios UVMune 400 SPF50 face sunscreen is now £20.50 on Amazon, down from £25.50. This 50ml tube offers advanced UVA protection and is a top-rated beauty deal.
Greggs renames melt after Burnham comment
Greggs has renamed its sausage, bean and cheese melt after Andy Burnham called it 'that sausage, bean and cheese thing'. Sales have soared at one shop.
DWP AI bootcamp to tackle youth unemployment
The DWP has confirmed an AI summer bootcamp in the North West to help 16-21 year olds off benefits, with up to 70 participants in a three-week pilot.
Bolton graduate lands marketing job before graduation
Jessica Ainscough, 21, from Bolton, secured a full-time Marketing Executive role at Stuart Energy before finishing her degree at Edge Hill University, thanks to a client project.
Bristol logistics hub plan could create 700 jobs
A new logistics hub at Axis Works near Bristol could create 700 jobs and generate £12m yearly, according to a planning application.
Student jailed after police find blood and drugs
A Wolverhampton student found covered in blood was jailed for drug dealing after police discovered MDMA, cannabis, and alprazolam at his flat.
New Century Hall food hall revamp with live music space
New Century Hall food hall in Manchester, struggling commercially, plans a revamp with a 450-capacity live music venue, pizza bar, and private hire space.
Escape to the Country couple risk £1m West Midlands move
Emma and Sean, who lived in Canada for 20 years, sold their Toronto home and set a £1m budget to relocate to Worcestershire and Warwickshire, despite knowing nothing about the area.
Chester Medical buys Power Health Products in milestone deal
Chester Medical has acquired East Yorkshire's Power Health Products in a major milestone deal, enhancing its offering and creating new growth opportunities.
Vantage Data Centers and Nebius AI Deal at Newport
Vantage Data Centers has signed a deal with Nebius to deploy Nvidia-powered AI infrastructure at its Newport campus, marking the first commercial capacity commitment in the South Wales AI Growth Zone.
WAWWA triples turnover after digital investment
Manchester clothing firm WAWWA has created 20 jobs and expects turnover to triple after a digital transformation backed by £60,000 in Made Smarter grants, investing £120,000 in new systems.
JLR sales slump amid supplier fire and Middle East conflict
Jaguar Land Rover's revenues fell 9.6% to £6bn in Q1, hit by a supplier fire, Middle East conflict, and Jaguar model phase-out.
NikeSKIMS opens at Bullring: new store unveiled
NikeSKIMS collection launches at Nike, Bullring, with new store look revealed on Instagram. The line includes apparel, accessories, and split-toe Rift footwear. Store hours and location confirmed.
Frasers Group buys Harvey Nichols, saves 1,000 jobs
Mike Ashley's Frasers Group has acquired Harvey Nichols in a pre-pack deal, securing over 1,000 jobs but leaving some redundancies as it plans significant restructuring.
JLR Profits Plunge to £66m in Q3 as Costs Rise
JLR's pre-tax profit fell from £248m to £66m in the last quarter, hit by higher costs and supply chain issues. The company remains optimistic about future demand.
£324k Creative Careers Boost in Greater Lincolnshire
A £324,000 funding boost has been secured to transform creative careers in Greater Lincolnshire, creating apprenticeships, rural support, and mentoring.
Half of parents unaware of new free school meals rule
55% of parents whose children become eligible for free school meals in September don't know they qualify, warns Child Poverty Action Group, as government expands eligibility to all Universal Credit households.
Shopping centre teases new arrival as popular store upgrades
A West Midlands shopping centre has teased that 'something new is coming' as a popular store announces a major upgrade, promising an enhanced shopping experience for visitors.
e.l.f. Hydration Kit on Amazon: Prime Day Beauty Deal
Amazon Prime Day offers e.l.f. Cosmetics Hydration Skincare Kit at a reduced price, featuring travel-friendly essentials. The kit includes a cleanser, toner, moisturizer, and more, ideal for on-the-go skincare routines.
HMRC savings tax warning: 5.3m households at risk
Yorkshire Building Society warns 5.3 million non-ISA savings accounts will exceed £1,000 interest by 2026, risking basic-rate taxpayers. Personal savings allowance frozen for decade.
Mecca Bingo owner warns of closures if gambling taxes rise
Rank Group warns that a £460m tax rise on gaming machines could force Mecca Bingo and Grosvenor Casinos to close, impacting communities.
Bullring Wingstop 15% Off for A-Level Students
Wingstop at Bullring gives students 15% off dine-in and takeaway orders today, August 13, with proof of A-level results, as 28.5% of UK entries earn A or A*.
Five water firms allowed £3.4bn extra spending, bills to rise
Ofwat approves £3.4bn extra spending for five water companies, including Severn Trent, leading to higher bills for millions in England and Wales.
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